A May 28 article, "Legal Challenges Stir Up Bank Sales Practices" (page 10), incorrectly stated that NationsBank Corp. would pay $850,000 of fines related to customer complaints about derivatives losses. The banking company will voluntarily contribute $250,000 to create investor education programs in Florida. It will also reimburse $600,000 to the Florida Department of Banking and Finance and the Florida Office of the Attorney General for the costs of their reviews of sales practices at the company's securities unit. The reviews were not specifically related to derivatives losses.
A transcription error garbled the meaning of a sentence in a June 2 commentary, "Plugging Into the Electronic Tax Payment System" (page 12). The sentence should have read: "NationsBank serves the southern half of the country, and First Chicago serves the north."